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Comment on: Jimmy Carter's Closet

President Bubbles

4 Comments

Jimmy Carter

Sound reasonable. The only problem is that once the entire economy is under the control of the feds, everything will be a bubble.

There is only so much debt that other countries will buy. I believe that the U.S. bond rating has been downgraded to "AA", which is still good, but it is an indicator that foreign buyers are starting to look more closely at the fiscal policies of America, i.e. printing more money whenever it is needed.

JC

The federal government would have been on the line for a lot of this money already because of the FDIC and the Pension Protection system.

I was very angry about the bank bailouts at first but now realize that they were necessary. As for this economic crisis it's linked to the frozen credit market which before freezing was covering up a lot of problems in the American economy mostly due to globalization/tech. advancements.

The Bar is OPEN AGAIN!

Sell it all short, as his bubble WILL burst. The only question is whether or not we will be able to repair the damage, since no liberal gummint program ever gets abolished.

Wail, Hail!

Ya done ran out of booze and the margarita machine has an awful funk coming from it. Where'd the bartender and manager go? Are they off visiting a certain doc in Colorado?